Continental's spin-off, Vitesco Technologies, successfully went public today.
16 September 2021. FRANKFURT (Börse Frankfurt). Vitesco Technologies Group Aktiengesellschaft (<DE000VTSC017>) has been listed in the Prime Standard on the Frankfurt Stock Exchange since today. The shares had an initial listing price of €59.80.
The listing was accompanied by BofA Securities, Deutsche Bank and J.P. Morgan. Hauck & Aufhäuser acts as designated sponsor on Xetra. Specialist on the trading venue Börse Frankfurt is Baader Bank.
According to its own information, Vitesco Technologies Group Aktiengesellschaft is a leading international developer and manufacturer of modern drive technologies for sustainable mobility. As a spin-off of the automotive supplier Continental the company, headquartered in Regensburg, employs nearly 40,000 people. Last year, Vitesco Technologies achieved a revenue of over €8 billion.
16 September 2021, © Deutsche Börse AG
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